David Morris
Main Page: David Morris (Conservative - Morecambe and Lunesdale)Department Debates - View all David Morris's debates with the HM Treasury
(13 years, 9 months ago)
Commons ChamberWe will set out the terms and conditions and the exchange rate of the bilateral loan when we agree them over the next couple of weeks, and I will bring that information to the House of Commons.
I congratulate the Chancellor on doing the right thing in this instance—[Interruption.] He did the right thing. Also, as a result of the fact that we have managed the economy better over the past six months, we are in a position to lend to Ireland. The Conservatives’ insistence on not joining the euro in the first place has saved us from an even bigger bail-out package than we are having to contemplate now.
As my hon. Friend says, we are now part of the solution rather than being part of the problem.